Ontario Community Newspapers

Oakville Beaver, 1 Apr 2010, p. 3

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Ponzi suspect died with little cash and huge debts By Emily Mathieu TORONTO STAR 3 · Thursday, April 1, 2010 OAKVILLE BEAVER · www.oakvillebeaver.com Financier had $90 in bank account The document was compiled by accounting firm RSM Richter and was scheduled be presented in a Toronto court this week. An HSBC account for Mander's business, E.M.B. Asset Group Inc., contained about $9,600. Mander also owed $25,000 on a personal line of credit and his business had unpaid debt of $50,000 on HSBC credit cards. Accounts with "nominal" funds were with Scotiabank and the Bank of Montreal. The court case was launched by Mississauga dentist Davide Amato, who estimated he lost about $17 million through personal investments and ones made through his business, SA Capital Growth Corp. The report showed Mander had put the townhome housing his Oakville business office and a 5,000-square-foot home for sale, with total value of about $5 million. At one point Mander told investors he would sell a New York City property valued at $40 million, bought with an inheritance from his father. Mander's father "was living on his pension at his life's end and had negligible net worth," the report showed. To An Oakville businessman who boasted a luxurious lifestyle and allegedly bilked investors out of $40 million, had just $90 in a personal bank account, multiple properties up for sale and was thousands in debt at the time of his death, according to a new report. Robert John Mander was found dead in his Flamborough home March 17, the day a hearing to address allegations against him was scheduled for a Toronto court. The death was ruled not suspicious by police. date there is no evidence the property exists. Mander had also asked a jeweller to seek a buyer for three Fabergé eggs. Christine Brooks, the mother of Mander's son, has been appointed sole executer of his estate. Mander was paying $8,000 a month in child support. Brooks is seeking continued payments, the report showed. Mander also owed $72,000 on an HSBC credit card, related to his Oakville art gallery, his home and a business of which he was part or whole owner. The report showed Mander worked as an insurance salesman at Freedom 55 in 2003. Man asks for Coco's owners to call him By Domini Kurek OAKVILLE BEAVER STAFF An Oakville man, who frequently walks on the Inner Valley Trail of the Sixteen Mile Creek, is hoping to be contacted by the owners of a dog named Coco, which bit him Sunday, March 28. He wants the owners to contact him so he can avoid going through rabies treatments. Mark Tippey was walking on the trail just north of Upper Middle Rd., west of Neyagawa at around 10:15 a.m. The small dog, which was not on a leash, ran up to him, passed him then turned around and nipped him on the backside. The owners, who apologized to Tippey, pulled the dog from the man calling it Coco. He did not ask for the owners' names, but when he got home he realized the bite broke the skin. After speaking with health officials, Tippey was advised to go through rabies treatment, which includes five shots over a period of one month. However, if the dog can be identified and it is discovered the dog doesn't have rabies, he will not have to go through the treatment. Rabies is a fatal disease. "I would prefer not to go through treatment," he said. "On the other hand, I would rather be known as that guy who gets called stupid because he didn't ask for the names of the people whose dog bit him versus, `What were the chances that that guy died of rabies'." Tippey describes the dog as small and white with brown spots, likely a Jack Russell terrier, similar to the dog Eddie on the TV show Frasier. If you have any information on Coco or his owners, call Tippey 905-825-6491. Saturday, April 3rd Only! 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